What are the prospects of Bitcoin?

What are the prospects of Bitcoin? And other cryptocurrencies? Accordingly, what investment strategy to choose? And generally how much it costs to enter the market that you need to start?

Here are the conclusions to which I came. Playing now only in a short or solely on pocket money, not to fit in any mining. In their arguments, I came from the proceeds of a quarter of a century of ideas about cryptography, investment instruments and exchange technology, the history of pyramidscheme, business psychology, and current world political situation. For the reader, other than common sense, of technical difficulties need to understand the purpose of only 2 algorithms: the hash of the text block and encryption key enough science lessons, aren’t you?

In a nutshell, a hash is a number,…

In public key encryption uses a pair of keys: public and private…

Now, in order. What are the prospects of Bitcoin?

2017 for it was marked “fork”. The beginning of the discussion of the need for and ways of modernization of large holders of Bitcoin wallets and mining farms should be nervous. For me, it’s the little things — the fact that on top of this most independent of the monetary system recognized the existence of algoritmization architectural problems. Importantly, the system showed itself, this “tip” without control actions which the system can not operate. Will serve, whether the reputation of the project a simple philosophy that the idea of an independent monetary system free from the emission center collapsed? It turns out that free community equal to each other offline clients did not, could not do without developers (the founding fathers) and the League of mynarski pools (oligarchic bourgeoisie). What this elite is better than the usual financial and political, with all its Central banks, ministries, parties, the “deep States”?

“…the system showed the “tip” without control actions which the system can not operate. Will serve, whether the reputation of the project a simple philosophy that the idea of an independent monetary system free from the emission center collapsed?»

It is clear that the old cryptanalytical it is an open secret — the existence of developers and the utopian ideas of absolute equality. I’m talking about the revelation is not for them, and for their prey to re-pay. Fool such will be harder, filling the ranks of the “investors” will happen more and more due to the cynical or adrenalinatv hoping to have time to get off the pyramid at the last moment. It is extremely mobile audience, these radishes (guaranteed surrender at the first sign of danger). How long will live with them for Bitcoin? Well, the experience of the ride with tickets of Mavrodi mid-90s, even after the apparent elimination of these con artists, speculators continued to shuffle between a suitcases with murikami for another six months or a year, trying to swing the pendulum of self-made rumors.

Second question: what will happen to other currencies?

I do not see prospects for miners. With the death of Bitcoin they have to make a melting drag-meta from the legs of their chips. It’s not even that the idea of confirmation of the performed work (PoW) die — where is she going to do? A malicious joke will play power miners: it is that they can compete only by performing the present computations, and thus heating the space current flow of heat. Will pay such costs only to the current levels of fees, and hence the present value of the cryptocurrency. Hence, the market turnover should be maintained that by the time Platonovich enlightenment of the masses will be impossible. On any new project is to loom the power of the unemployed miners, in principle, can not operate at full capacity — here’s a fun machine: can or to turn at maximum capacity, or standing, average is not given. So, the idea of hashing we will not be back.

What will happen to others, not built on the mining projects: PoS, PoA, etc.? Systems of Autonomous functioning after the collapse of the PoW will be analyzed more biased, and the arguments about it will be perceived by the public more nervous. And then the state will need to stop these Scam — were looked down upon and it will be… So start the new scheme would be orders of magnitude harder.

But apart from autonomy (lack of Issuer) cryptocurrency like provide anonymity? How to replace it? — This is quite sad, because there rises not only Kyoto parties, but only in the subject the grain of common sense — the idea of the blockchain. Network a chain of events intended to be public and transparent, so, the idea is to bolt it to the concealment of meanings pregnant bummer. Because every user of the crypto system must be available the entire history of transactions. Do you really believe that any state has the right to cancel the mapping relationship is listed in this file! As it is already… the development of identification by gait… I Think there’s a task much harder? I hope in our country, at least, intelligence agencies capabilities. And by the way, today some people manage to maintain their wongamat privacy? A lot of people surf anonymously on the web? That is not by works, but purely in the home? I think, on the part of the HTTP queries can be the person to say much more than tomograph card or Bank statement. And who ever dumped in tor — he’s pretty sure that there are negligible number of nodes with epaulets? And in domes?

The blockchain I wouldn’t be called a genius thing.

I think it is a natural solution to the problem of bringing witnesses from a Network to confirm an event. Does anyone of those who have fantasized on the subject of network notaries, could not come to the same way? Still remember those stitched notary journals, so now they are electronic. — Is it wonder? If not Bitcoin, and it raised a stir, this obvious tool is the global transparency years would have ignored the “elites”. World recognition approach, the Blockchain, perhaps the only, certainly the main merit of this team network of anarchists.

I think it is a natural solution to the problem of bringing witnesses from a Network to confirm an event. Does anyone of those who have fantasized on the subject of network notaries, could not come to the same way? Still remember those stitched notary journals, so now they are electronic. — Is it wonder? If not Bitcoin, and it raised a stir, this obvious tool is the global transparency years would have ignored the “elites”. World recognition approach, the Blockchain, perhaps the only, certainly the main merit of this team network of anarchists.

By the way, even the idea of the Bitcoin blockchain managed to distort and to enter it in a fundamental contradiction, see chasing the Chimera of Autonomous currency. The fact that a fair share of propaganda effect is achieved by the slogan of equality of all customers to each other, the lack of a system of specially authorized servers. But the idea of a blockchain is not required! The transaction files may be stored on a dedicated server, clients just need to be sure that the story didn’t touch up. It is enough to reference hashes. However, with the proliferation of file history, machines, are ready to preserve history, will be less. Who will continue to the end to pull this “strap”? Who will be the slave in this gallery? — Ask the Russian, we know the right answer. He and optimal.

How long will it take the process of enlightenment? As long as you need to prepare your plan osedlaniya this topic to the state, which are not affiliated with mining directly or indirectly. This is unlikely to be profitable the run scheme, rather a way to seize the initiative in foreign policy. I wish this state were we. It’s, you know, it has to be the state with it, in fact, already achieved inclusion in the social fabric of society and world order. Enough of the idea of the transparency of the blockchain in order for reputational costs to the state in the event of system breach was unacceptable. Again, who will store, maintain, and provide access to archive transactions? For what interest? Only the state, by definition, should do the job, in which the material of interest is unacceptable.

In order of moralism, mentioned: all of us very costly to divert attention of the public to dream about the imminent advent of a new anarchy through a sudden miracle technology. You shouldn’t bury your head in the sand, the city the fragile fence from the gaze of Big brother. It is wiser to accept the reality and be included in setting the state of the system in which we live. It’s weird to ignore clear, simple, for years floating around ways to force state officials to do their duty, instead obligasi fantasies worthy of illiterate Kronstadt sailors a century ago.

Asks the soul of innovation? And who rejects them? — Has a blockchain? The state acknowledged that it is good? Great! Let settles the transparency of information on its patterns. It will be a miracle? Actually — will, but without the quack fireworks. Moving on a course for transparency, it is worth to remember and about “open source”. Here, too, buried very promising effects, especially for our country. So, you won’t be bored for creativity places us in store for a long time.

Finally, the threshold of entering the market — how much and what you need to start?

The main thing — easy attitude towards life, the desire to make some money is easy, without reflections and Modernista. Next, you need to take a year (2? 3?) of his life and throw it in the trash. Well, just few people can forget about having accounts, prone to sporadic jumping up and down, and remember the account only on the historical peak prices in order to close it. Most sinks on the topic, trying to “learn it better”, learning to “anticipate” first jump, then candles… doing this can take years, will be rectified many of izvilina-kilometres, dug up priceless knowledge, which, when this is all over, the safest thing is to keep quiet: in business to the loser of sympathy are rare. The adventurers, too — a proven Forex traders.